| |
increase: For First Time Since October 2011 Average Mortgage Interest Rates Cross Above 4%! - 03/22/12 10:27 AM
Today, 3/22/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.08%, up from 3.92% last week. The average interest rate for 15 year fixed-rate mortgages was 3.30%, up from 3.16% from last week. A year ago the 30 year rate was 4.81%. Those are still low numbers to be sure, but are not nearly as nice as they were just a week ago. One has to wonder if this is just a temporary blip or if they will continue to inch upward?
Again, the yields on US Treasury Bonds went higher and the interest on mortgages followed suit. … (0 comments)
|
increase: Interest Rates on Mortgages Increase Based on Positive Housing Market Data from 2011 - 01/26/12 01:54 PM
Today, 1/26/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.98%, up sharply from 3.88% last week. The average interest rate for 15 year fixed-rate mortgages was 3.24%, up from 3.17% last week. A year ago the 30 year rate was 4.80%!
Even though rates did go up for both 30 year and 15 year fixed-rate mortgages, the fact is that the rates have stayed below 4% for quite a while. That is good for buyers who want to keep short-term and long-term costs down, and also for sellers who want motivated buyers.
A Freddie Mac spokesperson said that the rates went … (0 comments)
|
increase: Yow! Mortgage Interest Rates Take a Big Leap Above 5% says Freddie Mac - 02/10/11 04:52 PM
Today, 2/10/11, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.05% (4.76% in the southeast), up from 4.81% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.20%, up from 4.08% last week. A year ago the 30 year rate was 4.97%. This was the biggest increase in many months. I can imagine some buyers are now kicking themselves for delaying since, over the long term, a 0.20% increase can mean more money per month and certainly more over the life of the loan.
Why did rates take such a hike? Here are the reasons … (0 comments)
|
increase: This Week Average Mortgage Interest Rates Jump Slightly says Freddie Mac - 01/27/11 08:38 PM
Today, 1/27/11, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.80% (4.76% in the southeast), up from 4.74% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.09%, up from 4.05% last week. A year ago the 30 year rate was 4.98%.
Freddie Mac's spokesperson said today, "Mortgage rates followed bond yields a little higher this week amid positive data reports from The Conference Board that suggest the economy is strengthening. The index of leading indicators rose 1.0 percent in December, nearly twice that of the market consensus forecast and represented the sixth consecutive … (0 comments)
|
increase: Average Mortgage Interest Rates Cross-Over the 5% Mark says Freddie Mac - 04/01/10 02:42 PM
Today 4/1/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.08% (5.06% in the southeast), up from 4.99% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.39%, up from 4.34% last week. A year ago the average 30 year rate was 4.78%.
Just like last week, long-term bond rates went up and the mortgage interest rates followed them. The mortgage interest rates for 30 year fixed-rate loans now sit at their highest level since the first week of 2010. But they still are historically low. Many of us can remember when … (0 comments)
|
increase: Average Mortgage Interest Rates Back Above 5% Mark Again: Freddie Mac - 02/25/10 06:15 PM
Today 2/25/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.05% (5.02% in the southeast), up from 4.93% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.40%, up from 4.33% last week. A year ago the average 30 year rate was 5.07%.
Bond yields moved higher and interest rates followed their lead ending up just above the 5% mark again after some recent drops. Mixed economic signals (I sure to get tired of hearing that "mixed" linked to economic conditions. Don't you??) did not help. For example, the Producer Price Index went up, whie … (0 comments)
|
increase: Not So Happy New Year as Average Mortgage Interest Rates Continue to Climb - 12/31/09 07:46 PM
Today 12/31/09, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.14% (5.16% in the southeast), up from 5.05% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.54%, up from 4.45% last week. A year ago the average 30 year rate was 5.10%.
Even though the rates went up this week, they are still way below what they were at their peak in May of 2000 when they sat at 8.6%. So we cannot cry too much. The question is, will you move now or gamble on the rates going down again? … (0 comments)
|
increase: Ho, Ho, Ho! Back Above 5% Average Mortgage Interest Rates Go! - 12/24/09 02:54 PM
After spending several weeks well below the 5% mark, today 12/24/09, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.05% (5.023% in the southeast), up from 4.94% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.45%, up from 4.38% last week. A year ago the 30 year rate was 5.14%. Just a few weeks ago they were at 4.71%. How many of you took advantage of that low rate??? I bet there are more than a few buyers or refinancers out there kicking themselves. Oh well, all things considered, just a … (0 comments)
|
increase: Freddie Mac: Mortgage Interest Rates Creeping Up Toward 5% Again - 12/17/09 06:02 PM
Today, 12/17/09, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.94% (4.94% in the southeast), up from 4.81% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.38%, up from 4.32% last week. A year ago the 30 year rate was 5.19%. Just a few weeks ago they were at 4.71%. How many of you took advantage of that low rate???
Interest rates on bonds went up this past week and mortgage interest rates did the same, just like they always do. Retail sales in November went up, as did industrial production. … (0 comments)
|
increase: For Second Week, Freddie Mac Says Average Mortgage Rates Inch a Bit Higher - 10/29/09 09:18 PM
Today, 10/29/09, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.03% (5.01% in the southeast), up from 5.00% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.46%, up from 4.43% last week. A year ago the 30 year rate was 6.46%.
Overall, interest rates for 30 year fixed-rate loans have averaged just under 5% for this year. Historically pretty darn good! This the lowest 10 month average since this type of record was begun in 1971.
This year, 7 out of 10 mortgage applications were for refinancing of existing … (1 comments)
|
increase: Freddie Mac Says Mortgage Interest Rates on Fixed-Rate Loans Go Up a Little - 08/13/09 09:01 PM
Today, 8/13/09, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.29% (5.22% in the southeast), up from 5.22% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.68%, up from 4.63% last week. A year ago the 30 year rate was 6.52%.
Freddie Mac reported that the rates for adjustable rate mortgages (ARM's) stayed pretty much unchanged while the rates for fixed rate loans rose a bit. I heard this morning that the Fed was also going to try some moves to get interest even lower. Who knows? That $8,000 tax … (2 comments)
|
increase: Mortgage Interest Rates Creep Just a Little Higher Due to Higher Bond Yields - 07/30/09 09:03 PM
Today 7/30/09 Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.25% (5.19% in the southeast), up from 5.20% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.69%, up from 4.68% last week. A year ago the 30 year rate was 6.52%.
The yield for bonds went up and the interest rates for mortgage rates played "Follow the Leader" it would seem. Some feel that the economy may be becoming more stable and that made the bond yields go up. The Federal Reserve said that even though the home market … (0 comments)
|
increase: Mortgage Interest Rates Now at 7 Month High says Freddie Mac - 06/11/09 01:49 PM
Today 6/11/09 Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.59% (5.53% in the southeast), up from 5.29% a week ago. The average interest rate for 15 year fixed-rate mortgages was 5.06%, up from 4.79% last week. A year ago the 30 year rate was 6.32%. Though not as big a jump as last week's, it was still no small potatoes! These are the highest rates in 7 months. Will they go back down or go even higher. Who knows? If I were you I would speak with your lender or mortgage broker ASAP.
The economic … (0 comments)
|
increase: Mortgage Interest Rates Back Above 5% Again says Freddie Mac - 06/04/09 02:28 PM
Today 6/4/09 Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.29% (5.27% in the southeast), up from 4.91% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.79%, up from 4.53% last week. A year ago the 30 year rate was 6.09%. The change this week was much larger than recent ones. 0.38 more than last week! Rates are still historically low, but not nearly as nice as just a couple of weeks ago. If you waited too long, you may have missed out in the latest sag in rates. Will they go … (0 comments)
|
increase: Freddie Mac says Average Mortgage Interest Rates Nearing 5% Mark - 05/28/09 01:43 PM
Today 5/28/09 Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.91% (4.88% in the southeast), up from 4.82% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.53%, up from 4.50% last week. A year ago the 30 year rate was 6.08%. The change this week was larger than recent variations and is getting near the 5% level. Still historically low, but prefer to see it stay the same or go lower.
Long-term bonds went higher this week and the mortgage interest rates went along for the ride upwards. Consumer … (0 comments)
|
increase: After Several Weeks of Downward Movement, Mortgage Interest Rates Rise Slightly - 05/08/09 11:59 AM
Yesterday 5/7/09 Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.84% (4.77% in the southeast), up from 4.78% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.51%, up from 4.48% last week. A year ago the 30 year rate was 6.05%. These rates are still VERY VERY low, historically speaking.
The slight rise was caused by positive economic reports, said Freddie Mac. Many are starting to say that we may have bottomed out for this recession. For home buyers the consumer sentiment figures were revised to come out above … (0 comments)
|
increase: Freddie Mac: Average Mortgage Interest Rates Creeping Upward Again - 02/05/09 08:49 PM
Today 2/5/09 Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.25% (5.29% in the southeast), up from 5.10% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.92%, up from 4.80% last week. A year ago the 30 year rate was 5.67%. I bet some buyers who could have taken advantage of the rates when they were below 5% are now regretting trying to see if rates would have gone lower. Picking a low point is hard to do.
Better than expected (though not great by any means) economic news … (0 comments)
|
increase: Holy Cow! After Recent Declines in Mortgage Interest Rates, They Take a Large Jump: Freddie Mac - 10/16/08 04:44 PM
Just when it looked like the economic relief package that our government and others around the world had put into place to stop the market free-falling, now US mortgage interest rates take a large jump! Today 10/16/08 Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 6.46% (6.51% in the southeast), up from 5.94% a week ago. The average interest rate for 15 year fixed-rate mortgages was 6.14%, up from 5.63% last week. Those are not minor jumps! A year ago the 30 year rate was 6.40%.
Interest rates rose to an 8 week … (0 comments)
|
increase: Pending Home Sales Up, Even In This Gloomy Economic Situation says NAR - 10/08/08 12:31 PM
WASHINGTON, October 08, 2008 - Pending home sales activity surged as buyers took advantage of low home prices and affordable interest rates, according to the National Association of Realtors®.
The Pending Home Sales Index,1 a forward-looking indicator based on contracts signed in August, jumped 7.4 percent to 93.4 from an upwardly revised reading of 87.0 in July, and is 8.8 percent higher than August 2007 when it stood at 85.8. The index is at the highest level since June 2007 when it stood at 101.4.
Lawrence Yun, NAR chief economist, said home buyers were responding to improved affordability. “What we’re … (0 comments)
|
increase: Freddie Mac: Average Fixed-Rate Mortgage Interest Rates Barely Higher - 10/02/08 01:40 PM
Even with all of the mess on Wall Street during the past two weeks, average mortgage interest rates on fixed-rate loans only inched upward a tad. Today 10/2/08 Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 6.10% (6.11% in the southeast), up from 6.09% a week ago. The average interest rate for 15 year fixed-rate mortgages was 5.78%, up from 5.77% last week. A year ago the 30 year rate was 6.37%.
Interest rates on short-term adjustable rate mortgages (ARM) actually went down a bit. But not all that much.
It is being … (0 comments)
|
|
|
|
|
|
John Elwell
Zephyrhills,
FL
More about me…
CENTURY 21 Bill Nye Realty, Inc.
Address: 34619 State Road 54, Zephyrhills, FL, 33541
Office Phone: (813) 715-6810
Cell Phone: (813) 783-4444
Email Me
Real estate news, opinions, and listings from Zephyrhills, Pasco County, Florida and the west central region of Florida in general. Licensed in Florida.
 Listings
$64,900
2 br, 2 ba, 1,144 sqft
You will love this wonderful 2 bedroom/2 bath home located in Colony Hills, o...
$41,000
2 br, 2 ba, 864 sqft
PRICE REDUCED AGAIN!! This 2 bedroom/2 bath furnished mobile home is located ...
$49,900
2 br, 2 ba, 960 sqft
REDUCED! This 2 bedroom/2 bath furnished mobile home is located just west of ...
$129,900
4 br, 2½ ba, 2,280 sqft
Price has been reduced AGAIN on this wonderfully spacious 4 bedroom/2.5 bath ...
$35,000
2 br, 1 ba, 880 sqft
Don't want to spend a fortune to get your piece of the Sunshine State? Then c...
$65,000
2 br, 2 ba, 1,064 sqft
PRICE REDUCED! This beautiful and furnished double-wide mobile home is locate...
$69,900
3 br, 2 ba, 1,188 sqft
This great furnished 3 bedroom/2 bath double-wide mobile home is located in t...
$39,900
2 br, 1 ba, 648 sqft
This very nice 2 bedroom mobile home is located in popular Oaks Royal I &...
$54,000
2 br, 2 ba, 768 sqft
Looking for a winter retreat or a permanent home? Then take a serious look at...
$55,000
2 br, 2 ba, 840 sqft
This home is in a popular subdivision known as Spanish Trails Village in Zeph...
Links
Archives
|
;)
;)
;)
